Posted on 15 July 2009. Tags: Blackrock, Depression, Goldman Sachs, Greed, Productivity, Recession, Unemployment, Wages, Wall Street
Today brings in stark relief the economic chasm in America: the Depression is here, if you measure what real people are going through, but, on Wall Street, the party continues as, in Marie Antoinette style, financial executives reap millions while the rest of the people grasp for crumbs. Today, David Leonhardt has an excellent […]
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Posted on 14 July 2009. Tags: Corporate Greed, Health Care, Insurance Industry, Maria Bartiromo, Single Payer
Even though single-payer, "Medicare for All" is the most effective economic solution to the health care crisis (I’m putting aside the moral question for the sake of this discussion), our political leaders (with the exception of HR676 advocates) and traditional media chattering ideologues do their best to ignore the basic facts. Which is why […]
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Posted on 13 July 2009. Tags: Class Warfare, Goldman Sachs, Greed, Healthcare, Taxes
This is the definition of perversion (the dictionary tells us that something perverted is "deviating from what is considered right or acceptable; wrong , improper, etc. or corrupt, wicked, etc."). The real unemployment rate is around 16 percent, millions of people are struggling partly because of the behavior of the people running the financial […]
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Posted on 11 July 2009. Tags: Coup, Honduras, Obama
www.KatieHalper.com In its response to the events of Honduras, the Obama Administration is acting like a CT (Coup-tease), whose commitment phobia and"joint military operations. " intimacy issues render it paralyzed and unable to engage in a healthy relationship with Latin America. The Administration flirts with the idea that the coup is really a coup, and […]
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Posted on 10 July 2009. Tags: Barack Obama, Barney Frank, Consumer Financial Protection Agency, Federal Reserve Board, Ron Paul
No institution ever gives up power willingly. It has to be taken from it by force–not necessarily armed force, but certainly political force. To wit, the battle over the power of the Federal Reserve Board. Two different takes floated around the business/mainstream media today–both of which miss the point, which I’ll get to down […]
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Posted on 09 July 2009. Tags: Depression, Poverty, Recession, Wages
If you are relying on the media or politicians to tell you when the "recession" will be over, you have a right to feel confused. One day it’s a story or pronouncement about the "green shoots" sprouting up in the economy, only to have those "green shoots" trampled the next day by gloom-and-doom over […]
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Posted on 08 July 2009. Tags: Health Care, Taxes, The Rich
Regular readers here know that I have been pressing the case to significantly raise the dues paid by the people who have reaped hundreds of billions of dollars in the past decade–an entirely disproportionate haul pocketed by the top one percent of the population. Well, a bit of that idea is starting to creep […]
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Posted on 07 July 2009. Tags: Class Warfare, Minimum Wage, Poverty, Unions
The minimum wage is a scandal. It masks poverty. It must be dramatically raised. On July 24th, the minimum wage will rise to $7.25 an hour. I applaud people who worked hard to pass the three-step hike. The new level will put some extra money in the pockets of millions of Americans and, modestly, […]
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Posted on 06 July 2009. Tags: Layoffs, WARN Act
Ah, things aren’t hard enough for workers–retirement has vanished, unemployment is at double-digits (don’t believe the media focus on the below 10 percent number–if you add in discouraged workers and people who can’t find full-time work, the number if over 16 percent), wages are flat. But, that’s not enough–now employers are complaining they can’t […]
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Posted on 03 July 2009. Tags: Fairness, Independence Day, Smithfield, UFCW, Unions
One of the ugliest fights for worker justice has taken place in Tar Heel, North Carolina, which is about 80 miles south of Raleigh. For 17 years, thousands of workers, who labor under some pretty brutal conditions in the largest pork processing plant, have sought a modicum of justice and dignity. And they just […]
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Posted in General Interest